![]() Trump Backer Collins Arrested for Inside Trading.Chris Collins Resigns: Everything We Know ![]() "Collins's hubris is a stark reminder that the people of New York can and should demand more from their elected officials, and that no matter how powerful, no lawmaker is above the law." ![]() Lawmakers bear the profound privilege and responsibility of writing and passing laws, but equally as important, the absolute obligation of following them. "Collins's greed and disregard for the law have now led to a criminal conviction for insider trading and lying to the FBI, his resignation from Congress, and over two years in federal prison. He then lied to the FBI when asked about his conduct. "Moments later, from the White House lawn, Collins notified his son Cameron, so that he could trade the stock ahead of the public announcement and avoid taking a substantial loss on the stock. "Former New York Congressman and Innate board member Christopher Collins received confidential, nonpublic information that one of Innate's drugs in development had just failed a clinical trial. United States Attorney for the Southern District of New York, Geoffrey Berman, said in a statement: District Court ahead of a sentencing hearing on Januin New York City.
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